Thursday, May 7, 2009

Honeymooning

Ah as I enjoyed the day touring old San Juan, I found my way to a very small trade. I have an alternative account that I use for risky/speculative trades.

AMR hit near a bottom ( I haven't looked at the true lows) at 5.53. I bought at 5.54 sold it at 5.65 as I was going into the Bacardi factory. I could have hung around for another 12-15 cents, but I really wasn't interested in staying. I just wanted my little profit and out.

I am happy I woke up in cash. I saw both my positions yesterday gapped to the upside very early on, but that momentum did not last. My positions would have lost ~50 cents give or take if I would have hung in there.

I am a little sour about my USO position. I could have made another 500 on it. I'll trade it another day.


R

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